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Fresh Hurdle For Local Governments Over Central Bank Accounts - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFresh Hurdle For Local Governments Over Central Bank Accounts (9345 Views)

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Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by lomprico(m): 12:53pm On Feb 03, 2025
Ojuntana:
Well! Well!! Well!!!

It seems I've been right all along about this LG autonomy scam. The blurry lines are getting clearer now.

Instead of LG autonomy as being propagated in the media, what these folks are doing is actually LG capture

If the LGs supposedly have autonomy over their funds, why is the FG asking them to fulfil certain conditions before they can access the funds that purportedly belongs to them?

And they will even have deductions from their funds by the FG?!! What was the complaint about the states before?

If LGs are the third tier of government according to the Supreme Court, why are they being given directions to open account with the Central Bank, a federal agency before they can access their own statutory funds?

To add insult to injury, each LG is being asked to submit report of audited accounts for two years!! I thought the reason for the supreme Court judgement was because the LGs were not being properly funded.

So what accounts are you auditing all of a sudden? What is the business of the FG or CBN with how the LGs have been spending their funds?

It's thus obvious that the APC led FG is not interested in LG autonomy at all.

It was just a propaganda move to whip some govs into line and also have more bite over grassroots political setups. It is a move that further enhance unitarianism instead of federalism and it is bound to fail in the long run if this trend continues.

Ordinarily, what goes on between the states and the LGs is not the business of the FG.

FG is not a mediator or big brother over the two. FG should face its core responsibilities which it has been failing at which are strong virile economy, security and foreign affairs.
The autonomy was hurriedly pushed because of Rivers State crisis, wike be remoting tinubu like mumu.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by newaspiration: 1:04pm On Feb 03, 2025
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Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by chicfarmer: 1:04pm On Feb 03, 2025
Xisnin:
Which issue do you have with writing to seek permission from your councilor before you can go to the
market or visit a friend?
Yes, that is what CBN is doing to LG.
The LG has constitutional right to financial autonomy as you also have constitutional right to freedom of movement
without conditions or permissions needed.
Bros rest. You cannot wake up a man who is pretending to be asleep. You have made the point. These guys will continue with these unreasonable arguments with you till infinity.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by UpaIweka: 1:10pm On Feb 03, 2025
Anyone who see your long writeup will think you have something intelligent to share not knowing that a lunatic as something beta upstairs.

So because there is autonomy, fund should just be disburse to LG who couldn't not open basic account because they are ask to provide 2 year audit report of their previous spending ?!

Ordinary embassy ask for 6 months of similar account records even with remitting a dime. Same foolish fools like this trio will later be the one lamenting like lunatic that the LG is a conduit pipe by Tinubu if all this loophole are dismissed.

Foolish people like you lot no suppose de allowed to comment on public spaces for whatever reason I swear.


Ojuntana:
Well! Well!! Well!!!

It seems I've been right all along about this LG autonomy scam. The blurry lines are getting clearer now.

Instead of LG autonomy as being propagated in the media, what these folks are doing is actually LG capture

If the LGs supposedly have autonomy over their funds, why is the FG asking them to fulfil certain conditions before they can access the funds that purportedly belongs to them?

And they will even have deductions from their funds by the FG?!! What was the complaint about the states before?

If LGs are the third tier of government according to the Supreme Court, why are they being given directions to open account with the Central Bank, a federal agency before they can access their own statutory funds?

To add insult to injury, each LG is being asked to submit report of audited accounts for two years!! I thought the reason for the supreme Court judgement was because the LGs were not being properly funded.

So what accounts are you auditing all of a sudden? What is the business of the FG or CBN with how the LGs have been spending their funds?

It's thus obvious that the APC led FG is not interested in LG autonomy at all.

It was just a propaganda move to whip some govs into line and also have more bite over grassroots political setups. It is a move that further enhance unitarianism instead of federalism and it is bound to fail in the long run if this trend continues.

Ordinarily, what goes on between the states and the LGs is not the business of the FG.

FG is not a mediator or big brother over the two. FG should face its core responsibilities which it has been failing at which are strong virile economy, security and foreign affairs.
happney65:
We said it that this so called LG autonomy is a ruse and a scam and there is no where in the world that we have three federating unit. It is only two. The state and the FG. They were arguing with us.

Shey una don see now?

If the Supreme court gave the order that LG's should be paid directly immediately since the order was given

1. Why didnt the FG proceed immediately.

2. Months after the judgement they are now wanting to do it. Why are they putting a caveat to it? To the best of my knowledge the supreme court never did.

3. If pereadventure some LG's could not produce their audited accounts is the FG telling us ,that LG wont be paid its monthly allocation?

Shey una see the FG is just beating around the bush for absolutely no reason at all
Xisnin:
The CBN request is illegal.
Constitutional rights doesn't need extra permissions.
States are not asked for audit reports before getting allocations, so
it makes no sense to ask LGs for audit reports.

The LG is not a person but an institution.
The CBN is trying to pre-empt financial crime as a requirement for complying
with local government autonomy.

Even EFCC has no such power.
This only shows that the neither the FG nor the states believe in LG autonomy,
it is all political talks.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Ojuntana(op): 1:17pm On Feb 03, 2025
UpaIweka:
Anyone who see your long writeyp qill tbink you have something intelligent to share not knowing that a lunatic as something beta upstairs

So because there is autonomy fund should just be disburse to LG who couldn't not open basic account because they are ask to provide 2 year audit report of their dealings. Ordinary embassy ask for 6 months of similar account records even with remitting a dime.

Foolish people like you no suppose de allowed to comment on public spaces for whatever reason I swear.
Is it sunny in your area there

You come across as daft

Go back to school to learn the word autonomy

Mugu
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by frog12: 1:18pm On Feb 03, 2025
i doubt it is not illegal. a good move

Xisnin:
The CBN request is illegal.
Constitutional rights doesn't need extra permissions.
States are not asked for audit reports before getting allocations, so
it makes no sense to ask LGs for audit reports.

The LG is not a person but an institution.
The CBN is trying to pre-empt financial crime as a requirement for complying
with local government autonomy.

Even EFCC has no such power.
This only shows that the neither the FG nor the states believe in LG autonomy,
it is all political talks.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by UpaIweka: 1:21pm On Feb 03, 2025
Coming from a retard who knows nothing about accountability. One would think this fool is expressing a genuine fear or reasoning not knowing bigotry and foolishness is what is plaguing is bigoted foolish head or how harmful is providing records of previous spending by a public institution like a local government.

How can this even be a topic to be debated ?!


Ojuntana:
Is it sunny in your area there

You come across as daft

Go back to school to learn the word autonomy

Mugu
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by simeonabio(m): 1:23pm On Feb 03, 2025
Can you read what is wrote for yourself, Is FG nor any state submitting audited report. Let the CBN abide by the ruling of the Supreme Court.
HydraFeeds:
This is good for governance, corruption will be reduced .

The next step government needs to work on is liason with consumer agency because government is known for inflating contract cost so as to embezzle but if consumer agency can put a percentage error on products used , corruption will be drastically reduced.

Politics should be made unattractive but governance . This will weed out unserious and corrupt individuals from participating.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by SocialJustice: 1:45pm On Feb 03, 2025
helinues:
You posted this thread, didn't you bother to read it all before commenting?
I tire ooo
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by iLoveYouToo(m): 1:49pm On Feb 03, 2025
Ojuntana:
Mistake? Who made Mistake with states and when?

Pause a bit and understand what LG AUTONOMY means
Giving governors immunity and funds meant for LGAs was a mistake

The key driver is freedom from manipulation and control by the governors and giving them the prerogative of initiating and implementing programmes themselves. Governors would no longer receive as much as they currently do and these funds will be sent directly to the LGAs.

That doesn’t mean that they won’t be checks and balances. The term autonomy is relative otherwise they’d be tasked with generating funds totally and running their affairs as opposed to getting funds from FAAC.

Adoption seems like it’s stalling but things will be smoothed out, let the direct disbursements just begin, it’s overdue . Trust me the governors are fighting this fiercely
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Ojuntana(op): 1:54pm On Feb 03, 2025
UpaIweka:
Coming from a retard who knows nothing about accountability. One would think this fool is expressing a genuine fear or reasoning not knowing bigotry and foolishness is what is plaguing is bigoted foolish head or how harmful is providing records of previous spending by a public institution like a local government.

How can this even be a topic to be debated ?!
grin grin
You're not really smart are you
At least do well to check the meaning of bigotry before you start spewing rubbish
If you lack a counter punch that's meaningful, find a corner to go and sulk instead of deflecting stupidly to tribal jingoism
Low iq is worse than insanity
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Ojuntana(op): 2:01pm On Feb 03, 2025
iLoveYouToo:
Giving governors immunity and funds meant for LGAs was a mistake

The key driver is freedom from manipulation and control by the governors and giving them the prerogative of initiating and implementing programmes themselves. Governors would no longer receive as much as they currently do and these funds will be sent directly to the LGAs.

That doesn’t mean that they won’t be checks and balances. The term autonomy is relative otherwise they’d be tasked with generating funds totally and running their affairs as opposed to getting funds from FAAC.

Adoption seems like it’s stalling but things will be smoothed out, let the direct disbursements just begin, it’s overdue . Trust me the governors are fighting this fiercely
Governors are not the only ones with immunity or access to fund of other units under them. The FG has not been better in that regard. Ever heard of a certain OBJ who withheld LG funds arbitrarily? Ever heard of Paris refund? States allocations were deducted to pay FG debts without the consent of the States. So if FG have not been of better behavior why do you think only States autonomy and immunity is a mistake

Go and familiarise yourself with the SC judgement on LGs. The SC decorated that LGs are autonomous and have the right to receive their funds directly.

FG can't be in a position to be a check and balance to LGs. That's no longer autonomy. LGs have their legislative councils and the state assemblies are empowered to have financial oversight over LGs.

Autonomy is not relative especially where the constitution is concerned.

If you read the Op you'll see that the FG intends to be making deductions from LG funds too just as states used to do. What's the difference when you replace one devil with another
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by HydraFeeds(m): 2:03pm On Feb 03, 2025
simeonabio:
Can you read what is wrote for yourself, Is FG nor any state submitting audited report. Let the CBN abide by the ruling of the Supreme Court.
Of course I believe the FG will abide by the ruling and it's good for our country development.

However ,asking for reports is not bad either because some governors are looking for ways to bypass the new policy and hijack the money that will be sent to the LG but if LG submit audits ,it will be hard for governors to do that .
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by aywagze(m): 2:04pm On Feb 03, 2025
They should make it a law. A periodic audit that should be made public for everyone to scrutinise ..
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by iLoveYouToo(m): 2:14pm On Feb 03, 2025
Ojuntana:
Governors are not the only ones with immunity or access to fund of other units under them. The FG has not been better in that regard. Ever heard of a certain OBJ who withheld LG funds arbitrarily? Ever heard of Paris refund? States allocations were deducted to pay FG debts without the consent of the States. So if FG have not been of better behavior why do you think only States autonomy and immunity is a mistake

Go and familiarise yourself with the SC judgement on LGs. The SC decorated that LGs are autonomous and have the right to receive their funds directly.

FG can't be in a position to be a check and balance to LGs. That's no longer autonomy. LGs have their legislative councils and the state assemblies are empowered to have financial oversight over LGs.

Autonomy is not relative especially where the constitution is concerned.

If you read the Op you'll see that the FG intends to be making deductions from LG funds too just as states used to do. What's the difference when you replace one devil with another
One is a lesser devil than the other. I agree with you but I’ll still maintain that the use of the word autonomy is relative. It isn’t absolute otherwise it would’ve covered 100% revenue generation and expenditure.

Even in more advanced democracies, the central government always acts as judge, jury and executioner, even in matters that they’re culpable. If you’re waiting for FG to be accountable, I won’t hold my breath because it’s never going to really happen.

Can there ever be true autonomy at all levels in Nigeria? No, but let’s begin somewhere, let LGs get their funds directly so the country’s wealth can properly permeate the hinterlands. The magnitude of the proposed deductions from FG will be nothing in comparison to the pittance LGs receive from the governors currently
I’m optimistic
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by FrancisIgya: 2:50pm On Feb 03, 2025
I can now see why local government pensioners have not been paid till date in Benue State.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by merits(m): 3:09pm On Feb 03, 2025
Ojuntana:
Apex bank demands two years audited accounts of LGs



https://thenationonlineng.net/fresh-hurdle-for-local-govts-over-central-bank-accounts/
It is not a bad idea let them comply after all it's for their own good.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by ValarDoharis: 3:28pm On Feb 03, 2025
This is not how federalism works. Money ahould move from bottom to top and not top to bottom
iLoveYouToo:
Yes! They should account for the funds they’d been receiving no matter how small.


There’s nothing FG has requested from them that’s unreasonable, although I agreed that these delays are becoming suspicious
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by okeke6969: 3:29pm On Feb 03, 2025
helinues:
You posted this thread, didn't you bother to read it all before commenting?
It's thus obvious that the APC led FG is not interested in LG autonomy at all.
You said it all.
State government don't want it to materialize.
The same corruption everywhere.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by okeke6969: 3:32pm On Feb 03, 2025
Ojuntana:
Well! Well!! Well!!!

It seems I've been right all along about this LG autonomy scam. The blurry lines are getting clearer now.

Instead of LG autonomy as being propagated in the media, what these folks are doing is actually LG capture

If the LGs supposedly have autonomy over their funds, why is the FG asking them to fulfil certain conditions before they can access the funds that purportedly belongs to them?

And they will even have deductions from their funds by the FG?!! What was the complaint about the states before?

If LGs are the third tier of government according to the Supreme Court, why are they being given directions to open account with the Central Bank, a federal agency before they can access their own statutory funds?

To add insult to injury, each LG is being asked to submit report of audited accounts for two years!! I thought the reason for the supreme Court judgement was because the LGs were not being properly funded.

So what accounts are you auditing all of a sudden? What is the business of the FG or CBN with how the LGs have been spending their funds?

It's thus obvious that the APC led FG is not interested in LG autonomy at all.

It was just a propaganda move to whip some govs into line and also have more bite over grassroots political setups. It is a move that further enhance unitarianism instead of federalism and it is bound to fail in the long run if this trend continues.

Ordinarily, what goes on between the states and the LGs is not the business of the FG.

FG is not a mediator or big brother over the two. FG should face its core responsibilities which it has been failing at which are strong virile economy, security and foreign affairs.
It's thus obvious that the APC led FG is not interested in LG autonomy at all.
You said it as it is.
Governors would not allow such to materialize.
It will block them from fund stealing.
Corruption everywhere.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Bimpe29(m): 3:36pm On Feb 03, 2025
What's the essence of the audited accounts in the opening of their respective accounts? Sincerity of purpose has been a major babe for our development.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Ojuntana(op): 3:36pm On Feb 03, 2025
iLoveYouToo:
One is a lesser devil than the other. I agree with you but I’ll still maintain that the use of the word autonomy is relative. It isn’t absolute otherwise it would’ve covered 100% revenue generation and expenditure.

Even in more advanced democracies, the central government always acts as judge, jury and executioner, even in matters that they’re culpable. If you’re waiting for FG to be accountable, I won’t hold my breath because it’s never going to really happen.

Can there ever be true autonomy at all levels in Nigeria? No, but let’s begin somewhere, let LGs get their funds directly so the country’s wealth can properly permeate the hinterlands. The magnitude of the proposed deductions from FG will be nothing in comparison to the pittance LGs receive from the governors currently
I’m optimistic
You're optimism sounds more like a surrendering to the inevitability of system abuse

Autonomy is absolute. LGs also generate their own funds and the federal allocation is their share of the National cake not a gift from the FG

This idea that FG are better off is not true at all. In fact, it is far from reality. Why will FG decide for LGs what to deduct and when? What if an LG has a high number of schools and feels it is better off committing more funds to sanitation while the FG insists on deductions for education?

Also, it is pertinent to note that FG does not have any such powers over LG funds. The states have more rights over LG funds and now, FG removed the states and inserted themselves

I don't see how replacing demons is optimistic
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by DiasGodinHeaven: 3:43pm On Feb 03, 2025
Ojuntana:
Apex bank demands two years audited accounts of LGs



https://thenationonlineng.net/fresh-hurdle-for-local-govts-over-central-bank-accounts/
Why can't Tinubu use executive order on this issue or is he also a beneficiary?
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by iLoveYouToo(m): 5:22pm On Feb 03, 2025
Ojuntana:
You're optimism sounds more like a surrendering to the inevitability of system abuse

Autonomy is absolute. LGs also generate their own funds and the federal allocation is their share of the National cake not a gift from the FG

This idea that FG are better off is not true at all. In fact, it is far from reality. Why will FG decide for LGs what to deduct and when? What if an LG has a high number of schools and feels it is better off committing more funds to sanitation while the FG insists on deductions for education?

Also, it is pertinent to note that FG does not have any such powers over LG funds. The states have more rights over LG funds and now, FG removed the states and inserted themselves

I don't see how replacing demons is optimistic
The only way you’ll prefer the status quo is if you’re a beneficiary of the current system that has starved LGs of funds, just saying. I see no way how what FG is proposing would be worse that what’s obtainable currently.

I’d rather FG played god over LGs than state governors. I’m for anything that will make more funds available to LGs.

After this scales through we can now start advocating for more resource control by LGs. We know this won’t work because it will place more funds in the coffers of more viable LGs, reducing the funds available to share to non productive LGs.

I agree with your position in part but it’s a gradual process
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by kinguwem: 6:13pm On Feb 03, 2025
Ojuntana:
Well! Well!! Well!!!

It seems I've been right all along about this LG autonomy scam. The blurry lines are getting clearer now.

Instead of LG autonomy as being propagated in the media, what these folks are doing is actually LG capture

If the LGs supposedly have autonomy over their funds, why is the FG asking them to fulfil certain conditions before they can access the funds that purportedly belongs to them?

And they will even have deductions from their funds by the FG?!! What was the complaint about the states before?

If LGs are the third tier of government according to the Supreme Court, why are they being given directions to open account with the Central Bank, a federal agency before they can access their own statutory funds?

To add insult to injury, each LG is being asked to submit report of audited accounts for two years!! I thought the reason for the supreme Court judgement was because the LGs were not being properly funded.

So what accounts are you auditing all of a sudden? What is the business of the FG or CBN with how the LGs have been spending their funds?

It's thus obvious that the APC led FG is not interested in LG autonomy at all.

It was just a propaganda move to whip some govs into line and also have more bite over grassroots political setups. It is a move that further enhance unitarianism instead of federalism and it is bound to fail in the long run if this trend continues.

Ordinarily, what goes on between the states and the LGs is not the business of the FG.

FG is not a mediator or big brother over the two. FG should face its core responsibilities which it has been failing at which are strong virile economy, security and foreign affairs.
If the funds were generated by the LGCs, I don't think the FG will direct them to forward account reports. Being a third tier of government without financial sustainability is counterproductive.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Ezmans: 7:46pm On Feb 03, 2025
helinues:
You posted this thread, didn't you bother to read it all before commenting?
Lg authounomy is dead on arrival anything from APC is a scam
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Fujiyama: 8:09pm On Feb 03, 2025
undecided

Broken, shattered country.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Gaddafih001(m): 8:40pm On Feb 03, 2025
helinues:
Let the LG also do the right thing. It's not a Greek gifts, they should present the necessary documents
This guys are crooks o.
Local government that has been spoonfed by the state government is the one you are asking for 2 years audit report?
Dey play.
The Governors has hoodwinked them through the cbn.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Ilekokonit: 2:39am On Feb 04, 2025
Audited accounts for 2 years huh Tinubu that has been controlling and eating Lagos State and Lagos local government funds for the past 26 years and counting can not himself submit to the rigors of External Audit talk less of the local govt chairmen selected and installed by Tinubu for the past 26 years in Lagos. The same Governorship control over local Govt funds is replicated across the 36 states.

It is now clear that this Tinubu local govt funds autonomy was another gimmick from the criminally minded Tinubu to deceive Nigerians because if the 774 local Government Accounts were to be "properly" given an "Independent" External audit (which is an independent examination and expression of opinion on whether the financial statements show a true and fair view of the local govt financial affairs at year end), none of the 774 local governments accounts across the country will pass audit scrutiny and the Governors including Tinubu and his stooges for Lagos will be fingered in the mess that is exposed.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by Ilekokonit: 2:46am On Feb 04, 2025
Ojuntana:
Well! Well!! Well!!!

It seems I've been right all along about this LG autonomy scam. The blurry lines are getting clearer now.
You were correct in spotting that the LG autonomy was a scam. Even Tinubu himself will go into exile if his tenure as Governor in Lagos was "properly" audited by no nonsense "honest" external auditors.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by dalitigator(m): 3:19am On Feb 04, 2025
lomprico:
The autonomy was hurriedly pushed because of Rivers State crisis, wike be remoting tinubu like mumu.
Then, they understood the possible problems it would create for them within their LCDAs and for the 2027 erections (because we do not conduct elections in this country). Thus, they seek a backdoor loop to please the various state governors. It is well.
Re: Fresh Hurdle For Local Governments Over Central Bank Accounts by natureisgood(m): 7:20am On Feb 05, 2025
School no be scam afterall

Ojuntana:
Well! Well!! Well!!!

It seems I've been right all along about this LG autonomy scam. The blurry lines are getting clearer now.

Instead of LG autonomy as being propagated in the media, what these folks are doing is actually LG capture

If the LGs supposedly have autonomy over their funds, why is the FG asking them to fulfil certain conditions before they can access the funds that purportedly belongs to them?

And they will even have deductions from their funds by the FG?!! What was the complaint about the states before?

If LGs are the third tier of government according to the Supreme Court, why are they being given directions to open account with the Central Bank, a federal agency before they can access their own statutory funds?

To add insult to injury, each LG is being asked to submit report of audited accounts for two years!! I thought the reason for the supreme Court judgement was because the LGs were not being properly funded.

So what accounts are you auditing all of a sudden? What is the business of the FG or CBN with how the LGs have been spending their funds?

It's thus obvious that the APC led FG is not interested in LG autonomy at all.

It was just a propaganda move to whip some govs into line and also have more bite over grassroots political setups. It is a move that further enhance unitarianism instead of federalism and it is bound to fail in the long run if this trend continues.

Ordinarily, what goes on between the states and the LGs is not the business of the FG.

FG is not a mediator or big brother over the two. FG should face its core responsibilities which it has been failing at which are strong virile economy, security and foreign affairs.
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